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government goes about raising debt ceilings. senate leaders from both parties are hammering that out. the kick the can deal, a short-term deal that would raise the debt ceiling for a few weeks or months. the president has said he doesn t like that idea. coming up next the just get to 2012 deal, a compromise that would give the government spending power to get through the president elections. fourth, the grand compromise, the one the president is pushing for, the long-term deal that could take a big bite out of the deficit. two big head lines, the casualties keep coming and the scope keeps widening. rebekah brooks arrested. the woman once headed up his british papers, she s out on bail. headline two, the head of scotland yard resigns. sir paul stevenson is quitting over criticism how he handled the saga. as commissioner i carry ultimate responsibility for the position we find ourselves in. with hindsight i wish we had sunlged matters involve this affair differently. ....
the deficit and raise the debt ceiling. meanwhi meanwhile, the specter of default comes ever closer. frankly, it s the tone of these debates that has a lot of people scared and this is a guy who s scaring a lot of folks tonight. congressman joe walsh, republican from illinois, a freshman backed by the tea party. he s been known to say blunt things when criticizing president obama. these comments might just take the cake. i want to show you a video congressman walsh shot and posted to his website yesterday. president obama, quit lying. you know darn well if august 2nd comes and goes, there s plenty of money to pay off our debt and cover all of our social security obligations. i know you have a willing media that protects everything you say and do. but have you no shame, sir? in three short years, you ve bankrupted this country and destroyed job creation. you re with ee ee eer either in your head, you don t understand what makes this country great, or you re hell-bent i ....